DefiLlama data show that in the last 24 hours, major Perp DEX activity remained largely stable, with open interest and TVL broadly steady. Notably, Lighter reasserted leadership, recording a trading volume near $61 billion as peers posted smaller moves.

Hyperliquid remains a liquidity heavyweight, posting a 24-hour trading volume of about $56.4 billion, a TVL near $41.2 billion, and open interest around $70.4 billion. Aster and EdgeX also reported solid demand, with roughly $41 billion and $27.6 billion in trading volume respectively.

Smaller venues show a modest footprint: ApeX around $18.9B in trading volume and $2.21B in open interest with TVL near $46.4M; Variational about $10.8B in trading volume and $5.03B in open interest; Backpack about $10.7B in activity (TVL undisclosed) and $2.21B open interest; Pacifica roughly $6B in trading volume with TVL around $41.5M.